042 DAY 3
The inaugural MIPIM UK conference provides a great opportunity to celebrate the important contribution of the real estate sector to the UK economy, and to reflect on some of the broader trends that have emerged in the industry over recent years. Typically, the flight down to Nice ahead of the annual MIPIM event provides time to reflect on the opportunities ahead; the train journey to Olympia has focused my thoughts on the importance of travel infrastructure in the UK. While there is a strong awareness of the
importance of transport and infrastructure to the real estate sector, the case may not have been made as widely that our industry has a very positive part to play in transport planning and policy. With Crossrail rapidly changing the landscape of London, it is an opportune time to highlight this case.
PLANNING FOR MORE RETAIL OPPORTUNITIES The way in which customers interact with retailers is evolving: consumers can purchase goods 24/7 via pure-play and e-retail offerings, with delivery options such as click & collect changing the ways in which stores are being used. It is increasingly important, in an age where online shopping is often a consumer’s first option, that stores remain easy to access. Canary Wharf already benefits from
strong transport infrastructure; however, the Crossrail development is expected to
TODAY’S HIGHLIGHTS
WHAT? Great British high street: RIP or revitalisation? WHO? Susan Freeman, partner, Mishcon de Reya; Chris Pyne, director of shopping centres, TIAAHenderson Real Estate; Steven Cohen, chief executive, Blue Inc WHERE? Blue Room WHEN? 10:00-10:45
WHAT? My future city in 2050, co-organised by Future Cities Catapult WHO? Pat Ritchie, chief executive, Newcastle city council; George Ferguson, mayor, Bristol city council; Kisaburo Ishii, vice-minister of land, infrastructure, transport and tourism, Ministry of Land,
Infrastructure, Transport and Tourism, Japan WHERE? Red Room WHEN? 10:00-10:45
WHAT? Bridging the North-South divide WHO? Jackie Sadek, policy adviser, Cities Unit, Cabinet Office; John Betty, executive director, Stoke-on-Trent city council; Mark Thurston, managing director, Europe, CH2MHILL; Mark Gregory, chief economist, Ernst & Young WHERE? Red Room WHEN? 11:50-12:30
WHAT? Wrap-up session: What does 2015 hold for the property industry?
WHO? Deepa Deb, commercial real estate partner, Berwin Leighton Paisner; Tina Paillet, head of UK and North America, Generali Real Estate; Faisal Butt, entrepreneur & investor, founder of Spire Ventures and Pi Labs WHERE? Red Room WHEN? 12:40-13:20 This Estates Gazette/Berwin Leighton Paisner closing session at MIPIM will look forward to 2015. Will domestic markets continue to head upwards? Will there be wholesale political change and what will it mean for property? And how will global changes impact on the UK industry?
VISIT US AT STAND J13 AT OLYMPIA, KEEP UP WITH THE LATEST NEWS AT
WWW.ESTATESGAZETTE.COM/MIPIM AND FOLLOW USONTWITTER @ESTATESGAZETTE
transform the area, bringing an anticipated 1.5m additional people within one hour’s travel of Canary Wharf. This has encouraged the provision of more retail space within the estate and it is promising to see nearly 60% of the new retail space in the Crossrail extension prelet ahead of its opening in 2015.
KEEPING WORKPLACES CONNECTED Strong infrastructure networks are also linked to increased office construction. Commuters not only want reliable transport, but also easy ways to travel once they are at work. The regeneration of King’s Cross Station has been a rare opportunity for planned infrastructure. From the pipework carrying utilities to public internet access for underground delivery routes, everything has been carefully planned. The success of the office, residential, retail and community space is a clear reflection of this detailed focus on infrastructure. Locations that offer excellent connections for people travelling into, and around, London have a key competitive advantage. The impact of significant infrastructure
investment isn’t just limited to offices and retail – it can also be seen in business parks and industrial properties such as the Advanced Manufacturing Park in Rotherham. The AMP was a former mining site that has now established itself as a hub for a dynamic business community, internationally renowned for cutting-edge
MIPIM UKVIEW
GREGOR BAMERT HEAD OF LONDON REAL ESTATE, BARCLAYS
TRANSPORT FEEDS DEVELOPMENT
manufacturing; aerospace, Formula One and Olympic sports equipment-related products are produced on-site by the likes of Rolls-Royce, Boeing and Dormer Tools. The AMP forms a key part of Waverley –
Yorkshire’s largest brownfield mixed-use redevelopment. Alongside employment, Harworth Estates is delivering a new community of 4,000 homes along with shops, restaurants, schools, leisure and community facilities in the heart of the Sheffield city region. This sustainable, mixed-use development will add £300m of GVA to the local economy every year once it is built out, with over 5,500 people estimated to work there and 9,000 people estimated to live there.
TACKLING THE HOUSING SHORTAGE The increasing demand for housing provision is a key concern. The urgency of the issue is being recognised in the public policy arena, where we are seeing a healthy debate on the topic. Different options are being discussed regarding potential new garden towns, greater use of brownfield sites or, indeed, use of green belt areas. The key to any of these involves infrastructure and transport. If we are to tackle the housing shortage in any meaningful way, we need to ensure that there is an integrated approach across developing, planning, infrastructure and investment. For more information, please contact Gregor Bamert at
gregor.bamert@
barclays.com
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44